Business Process Outsourcing
QED Solutions Ltd provides Business Process Outsourcing (BPO) services in the procurement space. These services include eSourcing and eAuction as discussed below.
We have the best in class eSourcing solutions designed specifically to manage sourcing events in line with buying entity’s category strategy. Our eSourcing platforms enable the buying entity optimize the supplier sourcing processes. eSourcing starts with automated requisitions to approval of purchase orders. eSourcing events managed in the BPO include; EOIs, RFPs/tenders, prequalification, RFQs, supplier onboarding, contract lifecycle management etc. eSourcing enables organizations make the best strategic sourcing decisions and reduce process costs.
QED Solutions Ltd offers both reverse and forward auctions. In Sourcing, it takes time and effort to collect supplier offers and the buying entity cannot always be sure that they are getting the best price. On top of this, sometimes the buying entity does not know when the negotiation process will end especially when many suppliers are involved. eAuctions helps the buying entity save time, get better terms and conditions by increasing the competition between the suppliers. As a result, eAuctions produces 10-15% more savings than other methods.